Skip to main content

About your Search

20121127
20121127
STATION
CNBC 8
LANGUAGE
Search Results 0 to 7 of about 8
CNBC
Nov 26, 2012 7:00pm EST
obama promise, but some promises are made to be broken, and i think this is probably a good move. but first up congress back at work tonight after the holiday recess with now just 35 days to go. are we any closer to a tax and fiscal cliff fix? cnbc's own chief washington correspondent john harwood joins us now with all the details. good evening, john. >> reporter: good evening, laurie, and i think we are getting somewhat closer, and the white house would count it as good news that you found common cause with their report on the impact of fiscal spending. let's talk for a moment about what's happened on the fiscal cliff by the numbers since that early constructive meeting with the congressional leaders and the president. the numbers are all one. there's one month left for these leaders to figure it out. two, 1.4 it is is the amount to be shaved off by gdp and one is the amount of trillions of dollars that democratic aides, senior democratic aides tell me is necessary to get a deal wit end of the year with the remaining 3 trillion of savings coming in the early part of next year, a
CNBC
Nov 27, 2012 5:00pm EST
going on. we are going to keep seeing that so people shouldn't necessarily start to freak out. >> obama is going to a toy factory, correct, tomorrow? a toy factory during the holiday shopping season ahead of christmas. >> tomorrow he will be meeting with ceos including goldman sachs and some will meet with the president in person. the president is making the case that he is meeting with every constituency out there. >> thanks for that wrap up. do you think his assessment is right that the markets freaked out? >> i think in general if your catalyst is the u.s. government you should be generally freaking out. free market is not one that hangs on every whim and word of harry reid. at the end of the day there are multiple factors at work here. china hit a new low. we will talk about these things but i think it is multiple factors a at work beyond what somebody in washington says. >> this reminds me of when we had the european crisis or in 2008 when there was the vote on the tarp. i don't think we should overreact to this. if i learned anything from schoolhouse rock making a bill is like sau
CNBC
Nov 27, 2012 1:00pm EST
to "power lunch." it is a fiscal cliff faceoff. president obama meeting with small business leaders at the white house this afternoon to make his case for higher taxes ahead. we will also go to the home state of a kai player in tey pl talks. >>> the chevy volt struggling to work with car makers aed car buyers. why is general motors doubling down with its big bet in electric and has it jumped its sales? >>> facebook stock up 10% in the past week and 30% the past two months. has it finally turned a corpser? >>> speaking of corners, we have switched corners, tyler, the gentleman that he is, is braving you the snow and the ice in new york city and he is down on the floor of the new york estock exchange. >> a mucky day. not since 2008 has it been so high. more evidence the housing recovery is taking root. prices rising in the big cities but a warning we may head into a recession next year if the u.s. and europe don't solve their fiscal messes. right now the dow industrials a built of a breather down 21 points. >>> meanwhile, 34 days to the fiscal cliff. will a deal be done in time? today
CNBC
Nov 27, 2012 4:00am EST
. and that the size of the fed asset purchases is abnormal. meanwhile the white house says president obama called house speaker john boehner and harry reid this weekend for avoid efforts on fiscal cliff. on wednesday president obama will seek more input from top ceos, including gold man's lloyd blankfein and caterpillar's doug owner hill man. a number will travel to washington to try to reach a deficit cutting deal as part of the fix the debt campaign. so all things fiscal cliff still pre-dominate. we have a time clock that's quickly running out. how important is it that we get an agreement before the end of the year? >> this is like the debt ceiling argument. people got into a panic. that's something we even imposed on ourselves to decide that the debt shouldn't go too high. so it's not a bad thing. same with the fiscal cliff. what are we saying with the fiscal cliff? we're saying the economy might be revealed to be what it's actually doing because we'll take away the artificial supports because we think it's held any enough now to maybe after itself. that might entail a step drop because at the
CNBC
Nov 27, 2012 12:00pm EST
of president obama, just made a key speech over at a progressive group's offices in which he said that liberals shouldn't want to have medicare and medicaid and social security, the big entitlement spends as part of the discussion. he should they should be decoupled from it. listen to what durbin said a few minutes ago. >> i think we should take social sure security off the table for the fiscal cliff and discussion but be honest about what you achieve in the near term. >> scott, let me tell you what he's doing here. what we look at is a negotiating tactic in which democrats are saying, wait a second. we'll use the political advantage right now and take it off the table and see how republicans respond. later in the debate if the democrats need to cave in they can from a position further to the left of where everyone thought they might be going into this negotiation. that will end up up closer to something more comfortable for them, but i think everyone expects if there's a deal on the fiscal cliff, it's going to have to include at the end of the day medicare, medicaid, social security reforms. w
CNBC
Nov 27, 2012 6:00am EST
its thanksgiving break today. the senate was back yesterday. meantime today president obama will be meeting with small business leaders. at issue of course is the series of tax increases and spending cuts that kick in at the end of the year if congress doesn't act. >> there will come a point in time where we can't borrow anymore money and interest rates will sky rocket. >> cnbc's raise above campaign continues. we're asking who has the courage to rise above partisan politics and find a solution. among our guests, three men who understand washington, wall street and corporate america very well. we have the chairman of president george w. bush's council of economic adviser, ed lazear, roger altman, and real estate tycoon don peebles. but let's cover this morning's top headlines. >>> we do have a lot in the corporate headlines this morning including equity residential and avalon bay communities agreeing to buy archstone from lehman brothers holdings. the price tag, about $6.5 billion in cash and stock. the deal gives lehman cash to help pay its creditors as it liquidates. but i
CNBC
Nov 27, 2012 2:00pm EST
will meet with members of the obama administration. what are they gonna do? they are going to try to tackle the looming fiscal cliff. so, when it comes to cutting spending, the big questions are where and just how much? ammanoffers is on capitol hill, you have been looking at all the options, lay it out for us. >> so much of the sound and fury in this debate has been over taxes and tax cuts and where that side of equation is gonna go but don't forget, entitlement spending and discretionary and defense spending are going to be a big part of the solution to this. senator dick durbin today suggested that medicare, medicaid and social security ought to be taken off the table for the fiscal cliff covers this year. so where are they going to find these spending cuts? it's going to be kind of painful. take a look at what simpson boles proposes that is sort of the jumping off point for a lot of this debate. they say in the year 2015 going to have $372 billion worth of savings in their plan and start on the defense side, you can see why some of this is going to be so very painful for so many members
CNBC
Nov 27, 2012 9:00am EST
for years and believes the speaker wants to make a deal with president obama to avoid the fiscal cliff, but he's seen washington's dysfunction and has his doubts. >> he's somewhat just like the president. it's time to do ahead and do your job. >> speaker boehner is secure enough in his own district that his constituents will give him a free hand to negotiate. his bigger challenge is pulling together republicans from districts across the country behind any deal he ultimately strikes with president obama. >> carl, that's not just john boehner's job. it's also the job of eric cantor, the majority leader the on the democratic seed, harry reid and chuck schumer have to pull their flock behind any potential deal struck. that's not easy getting 60 votes the in the senate and the majority of the house. >> rangling cats on both sides, john. the president meeting with business executives at the white house, going to pennsylvania this week to visit a small business. all theater, or is there something bigger going on? >> he's trying to put pressure on the congress and generate more stakeholders. h
Search Results 0 to 7 of about 8